Inequality
Advocate an appropriate wealth cap that does not discourage free enterprise and entrepreneurship.
Key Components
- Ending the vast wealth and privilege inequalities caused by global neo-liberal corporatism.
- Permitting equality of opportunity and inequality of outcomes
- A cap on maximum capital and liquid assets held by any individual, set at a level that does not discouragement entrepreneurship and business enterprise.
- The cap to be set by people’s referendum.
- A defined period for those with wealth above the cap to philanthropically divest themselves of excess wealth.
- To be combined with major reforms to banking, the money markets and work place relationships.
- An end to the modern corporate version of the old feudal barons.
- Facilitation of reforms designed to stimulate local self-reliant communities – 6th reform.
Major effects and benefits
- The elimination of horded wealth in the hands of a small minority.
- An end to the super wealthy’s ability to exercise power over governments and financial markets.
- More economic stability as the super wealthy can no longer trigger financial crisis.
- Powerful incentives to think socially and economically in more holistic terms.
- Ensures any nations wealth is equitably distributed.
- An end to excessive profit taking and strong incentives to distribute profits more equitably with workers.